Intact Investment Management INC Has Trimmed Stake in Enbridge INC (ENB) by $33.38 Million as Share Price Declined

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Intact Investment Management Inc decreased its stake in Enbridge Inc (ENB) by 20.85% based on its latest 2019Q1 regulatory filing with the SEC. Intact Investment Management Inc sold 695,359 shares as the company’s stock declined 9.34% . The institutional investor held 2.64M shares of the natural gas distribution company at the end of 2019Q1, valued at $127.74M, down from 3.34 million at the end of the previous reported quarter. Intact Investment Management Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $67.45B market cap company. The stock increased 0.98% or $0.32 during the last trading session, reaching $33.08. About 2.09M shares traded. Enbridge Inc. (NYSE:ENB) has declined 5.44% since August 16, 2018 and is downtrending. It has underperformed by 5.44% the S&P500.

Intact Investment Management Inc, which manages about $2.80 billion US Long portfolio, upped its stake in Shaw Communications Inc (NYSE:SJR) by 217,700 shares to 1.62 million shares, valued at $44.88M in 2019Q1, according to the filing. It also increased its holding in United Parcel Service Inc (NYSE:UPS) by 34,500 shares in the quarter, for a total of 68,200 shares, and has risen its stake in Canadian Nat Res Ltd (NYSE:CNQ).

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Enbridge delays start of Mainline open season – Reuters – Seeking Alpha” on July 17, 2019, also Fool.ca with their article: “1 Ridiculously Cheap High-Yield Stock Worth Watching – The Motley Fool Canada” published on July 20, 2019, Seekingalpha.com published: “Enbridge Q2 2019 Earnings Preview – Seeking Alpha” on August 01, 2019. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Fool.ca and their article: “3 Growth Stocks to Buy and Hold for the Next 50 Years – The Motley Fool Canada” published on August 15, 2019 as well as Seekingalpha.com‘s news article titled: “Enbridge says gap opens beneath Great Lakes oil pipeline – Seeking Alpha” with publication date: August 08, 2019.

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